Monday, July 11, 2011

SILK gets contracts worth RM39.75m from Petronas Carigali

KUALA LUMPUR: SILK Holdings Bhd has secured four long term contracts worth a total of RM39.75 million from Petronas Carigali Sdn Bhd for the provision four units of anchor handling tug supply vessel (AHTSV).

In a filing Monday, July 11, SILK said its subsidiary Jasa Merin (Malaysia) Sdn Bhd had been the awarded the four contracts.

It said the long term contracts for the four units of AHTSV were for the primary period of one year, with various effective commencement dates in July 2011 respectively, with options to extend for a further period of one year each.

It said the contracts were expected to contribute positively to its earnings for the financial year ending July 31, 2012.

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